I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
A statute of limitation is a time period established by law to review, analyze and resolve taxpayer and/or IRS tax related issues. There are three main statutes of Limitations. They are Assessment Statute Expiration Date (ASED), Collection Statutes Expiration Date (CSED) and Refund Statute Expiration Date(RSED).
Today, we are going to focus on Refund Statute Expiration Date (RSED).The RSED is how long the taxpayer has to file a claim for refund for a specific period.
The RSED has two components and is the later of the 2 dates
- 3 year Look Back – 3 years since the received date of the original return.
- 2 year Look Back – Any payment made within the past 2 years.
For example, if you have not yet filed you 2017 Income Tax Return, you will have to file before the April 15th, 2021 to be able to claim a refund. The 2017 tax return is due on April 15, 2018 adding 3 years equals April 15th, 2021. On the other hand, if you file or make an amended to your 2016 tax return and you are entitled to a refund.
The IRS will not issue a refund because the RSED has expired unless you made a payment for your 2016 tax return in the last two years(2 year look back).
If you have any tax related questions, please feel free to contact me at by phone or email at email@example.com.
Ph. (612) 516 – 5878
Fax (651) 419 -2021
Email : firstname.lastname@example.org